Mehabe score: 5 G Factor: 2 Piotski Score: 4 The stock has a rating OBSERVE & HOLD. The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 2 and Piotski score of 4.
Description
Baroda Extrusion engages in the manufacture of copper extrusions, brass extrusions, stainless steel pipes, bars and rods, copper and brass waste and scrap.Site:513502
Market Cap:
Rs 19.1 cr
Price:
1.28
Trading pe:
3.59x
Book-value:
-2.43/share
Div yield:
0.00 %
Earning yield:
0.29%
Face-value:
1.00/share
52week high:
1.28
52week low:
0.23
Technical Analysis
Stock trades at 1.28, above its 50dma 0.88. It also trades above its 200dma 0.67. The stock remains bullish on techicals
The 52 week high is at 1.28 and the 52week low is at 0.23
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
Competition
– The industry trades at a mean P/E of 23.3x. KIOCL trades at the industry’s max P/E of 55.75x. 513502 trades at a P/E of 3.59x
– Industry’s mean G-Factor is 5.1 while the mean Piotski score is 8.0. 513502 has a G-Factor of 2 and Piotski scoreof 4.
– Average 1 month return for industry is 15.3%. The max 1- month return was given by Baroda Extrusion: a return of 64.1 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 19.51 cr compared to Rs 13.11 cr for period ended Mar 2020, a rise of 48.8%
Company reported negative operating profit of Rs -0.44 cr for period ended Mar 2021. For same period last year, operating profit was -0.18
The EPS for Mar 2021 was Rs -0.03 compared to Rs 0.02 for previous quarter ended Dec 2020 and Rs 0.34 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 52.27 cr for period ended Mar 2021 vis-vis sales of Rs 52.14 cr for the period ended Mar 2020, a growth of 0.2%. The 3 year sales cagr stood at 19.8%.
Operating margins expanded to -0.13% for period ended Mar 2021 vis-vis -39.76% for period ended Mar 2020, expansion of 3963.0 bps.
Net Profit reported at Rs -0.1 cr for period ended Mar 2021 vis-vis sales of Rs -15.61 cr for the period ended Mar 2020, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs 0.0 cr for period ended Mar 2021 vis-vis Rs -3.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 457% on a 1 Year basis vis-vis a return of 66% over the last 3 Years. – The compounded sales growth on a TTM bassis is -10% vis-vis a compounded sales growth of 55% over the last 3 Years. – The compounded profit growth on a TTM basis is 124% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 42.76% vis-vis 42.76% for Dec 2020
Conclusion
– – has low interest coverage ratio.
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 0.88 and is trading at 1.28 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
